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Depreciation Pr...

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  • Question 1
    1 / -0

    On a worksheet, the adjusting entry to account for depreciation of equipment consists of __________.

  • Question 2
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    Under straight line method, depreciation is calculated on:

  • Question 3
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    Madhur and Company purchases a machine for a certain sum. The company has a policy of charging 8% depreciation on written down value. The depreciated value of the machine after three years in the books of Madhur and Company is Rs. 3,89,344. What was the purchase value of machine.

  • Question 4
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    Dinesh Garments purchased a machine for Rs. 50,000 and spent Rs. 6,000 on its creation. On the date of purchase it was estimated that the effective life of the machine will be ten years and after ten years its scrap value will be Rs. 6,000. The amount of depreciation for each year on straight line basis is :

  • Question 5
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    What impact does depreciation have on the cash account?

  • Question 6
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    An equipment was purchased on 1st January, 2012 for Rs. 25,000 & is to be depreciated at 30% based on WDV method. If the company closes its books of account on 31 st March every year. What would be the net book value of the equipment as at 31 st December 2013:

  • Question 7
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    A company purchased plant for 50,000. The useful life of the plant is 10 years and the residual value is 5,000. The management wants to depreciate it by straight line method. Rate of depreciation will be:

  • Question 8
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    Which of the following is not a typical cash flow related to equipment purchase and replacement decisions?

  • Question 9
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    The WDV of machine is Rs. 72,900, rate of depreciation @ 10%, period 3 years. Calculate the original cost of machinery.

  • Question 10
    1 / -0

    The value of a fixed asset after deducting depreciation is known as its:

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